NEW DELHI: The government of India is likely to appoint a new chief economic advisor (CEA) in the next one or two months, according to sources. A search committee appointed by the finance ministry is expected to finalise the list of suitable candidates soon and the appointment is likely within two months. On 30th June, […]
NEW DELHI: Private sector lender ICICI Bank said Reserve Bank of India (RBI) has approved Sandeep Bakhshi’s appointment as Managing Director and CEO of the bank for three years. After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank’s board had elevated Chief Operating Officer (COO) Bakhshi as the new managing […]
NEW DELHI: Monnet Ispat and Energy Ltd (MIEL) reported a net loss of Rs 2,859.56 crore for the quarter ended September 2018 due to impairment of value of its assets. Its net loss was Rs 353.24 crore in the year-ago quarter, said MIEL, a joint venture company of AION and JSW Steel Ltd. The company’s […]
NEW DELHI: Anyone entering the United States of America (USA) illegally would be arrested, detained and then deported back, President Donald Trump has warned as he threatened three Central American nations to halt a migrant caravan from heading to America or lose millions of dollars in foreign aid. Trump’s warning comes amidst reports that a […]
NEW DELHI: Gender parity and exports are the two critical areas which India must focus on to be able to grow at higher rates of 9-10 per cent per year for the next three decades or more to lift a very young population above poverty line, said Amitabh Kant, CEO – NITI Aayog at an […]
NEW DELHI: The government of India is preparing a roadmap to promote manufacturing of aeroplanes in India to ensure growth of country’s aviation sector, union minister,Suresh Prabhu said at an ASSOCHAM event held in New Delhi. “The growth in aviation would need at least 1,000 aeroplanes to be brought by India, but if we just […]
NEW YORK: Google is still considering whether to launch a censored version of its search engine in China, CEO Sundar Pichai has said, in rare public comments about the controversial and secret project. Google’s possible return to China – a market it abandoned over censorship concerns in 2010 – was first leaked in August by […]
NEW DELHI: The Indian Institute of Foreign Trade (IIFT) said that it has completed summer placements for its 2018-20 batch with an average stipend of Rs 1.48 lakh. Summer placement this year has witnessed participation from a large number of companies from diverse sectors and industries, the IIFT, which is under the commerce ministry, said […]
NEW DELHI: Global steel giant ArcelorMittal said on Friday it has been selected as preferred bidder for the debt-laden Essar Steel by the Committee of Creditors. The Lakshmi Mittal-owned company, which is the world’s largest steel maker has been on a murky legal battle with other bidders, especially the Russian VTB Bank-promoted NuMetal to take […]
NEW DELHI: Share buybacks by information technology (IT) firms in the country impede their ability to invest for their future business needs, global ratings agency Moody’s Investors Service said Wednesday. It can be noted that the last few years have seen a high number of share buybacks from the country’s cash-rich IT companies. “High levels […]
NEW DELHI: Bharat Hotels, which runs five-star properties under The LaLiT brand, and micro-finance lender Spandana Sphoorty Financial have received markets regulator Sebi’s go-ahead to float IPOs. With this, the total number of companies getting Sebi’s clearance to launch initial share-sales has reached 60 so far this year. Bharat Hotels and Spandana Sphoorty obtained the […]
NEW DELHI: NIIT Technologies reported 66.3% jump in net profit to Rs 111.8 crore for the quarter ended September 30, 2018, driven by strong demand across sectors like BFSI and travel and transportation. The company had registered a net profit of Rs 67.2 crore in the year-ago period, it said in a regulatory filing. The […]
NEW DELHI: FMCG brand Olialia World has announced that starting today its much-awaited Vazir Pan Masala is now available in the Indian market. Currently, the Pan Masala is available at retail sales points in Delhi, Uttar Pradesh, Chattisgarh and Gujarat respectively . Three days ago, Olialia Chairperson and Global Brand Ambassador Anca Verma had rolled […]
LONDON: Facebook Inc (FB.O) has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling. The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to David Cameron in […]
NEW DELHI: The Reserve Bank of India (RBI) on Friday announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted banks to use government securities equal to their incremental outstanding credit to NBFCs, over and above their outstanding credit to them as on October 19, to be used to meet […]
NEW DELHI: Market benchmark BSE Sensex plunged by 464 points or 1.33 per cent to close at 34,315.63 points due to losses in index major Reliance Industries, HDFC and Infosys. The broader NSE Nifty too fell over 150 points to crack below the 10,400-mark as financials, IT and energy stocks declined. Sentiments also took a […]
